Don’t Buy Palantir (PLTR) Until it Hits This Price (Do This Instead)🔥🔥

Chris Sain

3 Oct 202416:16

Summary

TLDRIn this video, the speaker celebrates successful trades and highlights key lessons in stock trading, focusing on patience and execution. Using Tesla and Nvidia as examples, he discusses the importance of making profits during both market upswings and downturns. Emphasizing strategic trading, the speaker encourages locking in profits when targets are hit and using options to capitalize on market dips. He also advises viewers to avoid buying stocks at all-time highs and to actively manage their portfolios. The video ends with a motivational message about learning and improving trading skills for long-term success.

Takeaways

📈 Paler stock is approaching the $40 mark, and the speaker advises on key strategies to take at this level.
🔔 Emphasizes the importance of patience and executing trades with precision, as demonstrated by several viewers' successful trades.
💡 The importance of taking profits when targets are hit is a recurring theme, with specific reference to NVIDIA stock.
🚀 Tesla is highlighted as a stock that can bring significant profits in both upward and downward movements, with examples of successful trades on red days.
📊 The speaker advises buying puts or call options depending on market direction, encouraging viewers to be flexible in both scenarios.
💪 Testimonials from successful traders like Raan, Carl, and Dwayne underscore the value of applying patience and following the coach's teachings.
🛑 Warns against buying stocks at all-time highs and emphasizes locking in profits, especially with Paler at $40.
🎯 For Paler, a target resistance level of $124 is discussed, with recommendations to act accordingly if it breaks this level.
💰 Emphasizes the concept of life-changing money when following precise market strategies, especially on big stock moves.
📚 The coach highlights the importance of learning options trading to take advantage of both market upswings and downswings effectively.

Q & A

What is the significance of the $40 mark mentioned in the video?
-The $40 mark is significant because it represents the speaker's target for a specific stock, suggesting that the stock has doubled in value from $20, which is considered a significant achievement.
What trading strategy does the speaker emphasize for red days in the market?
-The speaker emphasizes taking advantage of red days by making money in both directions, particularly by using options like buying puts when the market or stock price goes down.
What lesson is shared about locking in profits when targets are hit?
-The speaker advises traders to lock in profits when a target is hit because stocks typically retrace or pull back after hitting key levels. This helps secure gains and avoid potential losses from market reversals.
What does the speaker mean by 'pick six to the house'?
-'Pick six to the house' is a metaphor the speaker uses to describe a winning trade or investment where the trader successfully executes a plan, similar to a touchdown in football after intercepting a pass.
How does the speaker recommend handling high stock prices?
-The speaker recommends not buying stocks at their all-time highs or year-to-date highs. Instead, they suggest locking in profits, using options like puts, and waiting for a price pullback to buy again.
What is the importance of the $124 target mentioned for Nvidia (NVDA)?
-The $124 target for Nvidia is an important resistance level. If Nvidia breaks through this level, the speaker expects it to reach $127. Otherwise, traders are advised to lock in profits or buy puts for downside potential.
How does the speaker describe the typical movement of Tesla stock?
-The speaker notes that Tesla typically moves $7 to $10 per day. Traders should be aware of this range and position themselves on the right side of the trade to profit from these daily swings.
What does the speaker mean by 'rinse and repeat' in trading?
-'Rinse and repeat' refers to the strategy of successfully executing a trade, locking in profits, and then waiting for the next opportunity to re-enter the market and repeat the process.
What advice does the speaker give for managing portfolios during market fluctuations?
-The speaker advises actively managing portfolios by locking in profits at high levels and using stop-loss orders to protect against losses when stocks drop. This ensures traders can capitalize on gains and minimize losses during market fluctuations.
How does the speaker suggest making money on both green and red days?
-The speaker suggests that traders can make money on green days by buying calls or shares and on red days by buying puts or shorting stocks, allowing them to profit regardless of market direction.

Outlines

00:00

💸 Tesla Trading Success Stories and Lessons

The video opens with the host discussing Tesla's stock movement and emphasizing the importance of patience and timing in trading. Testimonials from traders like Raan, Carl, and Dwayne are shared, where they made significant gains by following the host’s strategies, particularly in shorting Tesla's stock. Raan’s $212 gain by shorting Tesla at key points is highlighted, followed by Carl’s impressive 157% return. The theme is clear: patience, precision, and understanding market conditions can lead to significant profits.

05:02

📈 Nvidia Stock: Locking in Profits and Trading Strategies

The second segment focuses on Nvidia's stock performance, where the host encourages locking in profits when targets are hit. Using Nvidia as an example, the host demonstrates how a move from $120 to $124 provided a perfect opportunity to take profits. The importance of this practice is reinforced, as stocks often retrace after hitting targets. The host also looks forward to potential future moves and suggests strategies for both upward and downward price movements.

10:02

💥 Tesla: Life-Changing Trades and Maximizing Gains

In this paragraph, the host revisits Tesla, explaining how traders capitalized on Tesla’s drop from $249 to $238. The host stresses the importance of understanding Tesla’s daily price swings and timing entries and exits accordingly. Examples of traders doubling their money are given, illustrating how a $50k investment could turn into $100k with the right moves. The host encourages learning the patterns of Tesla’s movements, as it provides traders with consistent opportunities to profit.

15:03

🚀 Paler Stock: Doubling Up and Advanced Trading Tips

This section discusses Paler’s impressive rise from $20 to $40, doubling the value of shares. The host advises viewers on taking profits and learning options trading to maximize gains during dips. By selling half of their positions and letting the rest ride, traders can secure profits while remaining exposed to potential further gains. The host also warns against buying at all-time highs and recommends using options to profit on both upward and downward movements. The emphasis is on learning to trade alongside investing to optimize returns.

Mindmap

Keywords

💡Patience

In the context of the video, patience refers to the importance of waiting for the right moment to execute a trade. The speaker emphasizes this trait multiple times, citing how traders like 'Rayan' waited for the right opportunity to enter or exit trades, which led to profitable outcomes. Demonstrating patience in the stock market is critical to avoiding impulsive decisions and maximizing potential gains.

💡Tesla

Tesla is a major focal point in the video, used as an example to explain trading strategies. The speaker refers to Tesla's stock movements, detailing how traders capitalized on its rise and fall to achieve significant gains. The video highlights specific Tesla stock price points, such as $244 and $245, and how traders like Rayan and Dwayne profited from these movements by executing trades at the right times.

💡Options Trading

Options trading is a central concept in the video. It involves buying and selling options contracts, which allow traders to profit from both upward and downward market movements. The video explains how traders utilized puts (options to sell) during Tesla's downward movement, and the speaker emphasizes the importance of understanding how to trade both call and put options to capitalize on market volatility.

💡Profit Targets

Profit targets refer to predetermined price levels at which traders lock in their gains. In the video, the speaker advises viewers to lock in profits when specific stock price targets are hit, such as Nvidia reaching $124. This concept is crucial for minimizing risk and ensuring traders don't lose potential earnings from a stock's retracement.

💡Resistance Levels

Resistance levels are key price points where a stock faces difficulty moving higher. In the video, Tesla’s resistance level of $249 is highlighted, as traders observed the stock hitting this point and then selling off. Understanding resistance levels helps traders know when to sell or take short positions as stocks tend to pull back after reaching these levels.

💡Put Options

Put options give traders the right to sell a stock at a specific price within a certain timeframe, profiting when the stock price falls. The video discusses how traders like Rayan and Carl used put options to profit from Tesla's price drop. Put options are contrasted with call options, and the speaker encourages viewers to embrace put options to make money on 'red days' or market downturns.

💡Red Days

Red days refer to days when the stock market or specific stocks experience significant declines. In the video, the speaker stresses that traders can still profit on red days by using put options and shorting stocks. The speaker explains that making money on red days is a strategy many overlook, but it is essential for success in volatile markets.

💡Catalyst

A catalyst is an event or piece of news that triggers significant movement in a stock’s price. The video mentions an upcoming catalyst related to a job report, which could move stocks like Nvidia either up or down. Understanding catalysts allows traders to anticipate market shifts and adjust their strategies accordingly.

💡Rinse and Repeat

The phrase 'rinse and repeat' refers to the process of using the same successful trading strategy multiple times to achieve consistent results. The speaker highlights how traders like Rayan and Carl repeatedly executed profitable trades by recognizing patterns in Tesla's stock movements and using options to capitalize on them. It underscores the value of developing a reliable trading method.

💡Spy (S&P 500)

SPY is an exchange-traded fund that tracks the S&P 500, a key benchmark for the U.S. stock market. In the video, the speaker uses SPY as an example to explain market movements, pointing out how it fluctuated between price levels of $565 and $570. Traders can use SPY to gauge overall market conditions and trade accordingly, as it reflects the broader market's performance.

Highlights

Paler stock is inching closer to $40, and strategies for maximizing profits at this level are discussed.

The importance of patience in trading is emphasized with an example from Rayan, who made $212 by following trading rules.

Carl, a regular participant, successfully navigated a rough patch and made a 157% gain by trading Tesla stock.

Dwayne reached his $100 daily goal by following instructions from the Discord channel, emphasizing the value of community-driven trading.

The host highlights the advantage of making money in both directions—on green days (upward markets) and red days (downward markets).

Nvidia stock's target of $124 was hit, with advice to lock in profits when targets are reached to avoid losing gains.

Learning options math is encouraged to help traders calculate potential gains and losses more accurately.

Tesla is highlighted as a stock that moves $7-$10 daily, with an example of a $10 drop leading to life-changing money for traders.

Emphasis is placed on the importance of being on the right side of the trade, regardless of whether the market is moving up or down.

Paler stock is at an all-time high, and the host advises not to buy at this level but to lock in profits and consider trading options.

A strategy of selling half of a position and letting the other half run is suggested to protect gains and maximize long-term profits.

The power of trading options, especially on dips like with Tesla, is highlighted as a way to increase wealth.

The host praises viewers for following instructions and understanding the assignment, which resulted in significant profits.

Options trading is emphasized as a key skill to complement long-term investing, allowing traders to make money on market downturns.

The importance of managing portfolios actively is stressed, with lessons learned from past market experiences in 2021 and 2022.